Risk Warning

Trading in the products and services of Saxo Capital Markets South Africa (“SCMSA”) may, even if made in accordance with a Recommendation, result in losses as well as profits. In particular trading in leveraged products, such as but not limited to, foreign exchange, derivatives and commodities can be very speculative and losses and profits may fluctuate both violently and rapidly.

Speculative trading is not suitable for all investors.

Any mentioning, if any, in a Publication of the risks pertaining to a particular product or service may not and should neither be construed as a comprehensive disclosure nor full description of all risks pertaining to such product or service and SCMSA strongly encourages any recipient considering trading in its products and services to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction.

No recommendations

SCMSA does not in any of its Publications take into account any particular recipient’s investment objectives, special investment goals, financial situation, and specific needs and demands. Therefore, all Publications of SCMSA are, unless otherwise specifically stated, intended for informational and/or marketing purposes only and should not be construed as:

any other type of encouragement to act, invest or divest in a particular manner

(collectively “Recommendations”).

SCMSA shall not be responsible for any loss arising from any investment based on a perceived Recommendation.

No Representation, No Warranty

SCMSA uses reasonable efforts to obtain information from reliable sources, but all Publications are provided on an "as is" basis without representation or warranty of any kind (neither express nor implied) and SCMSA disclaims liability for any Publication not being complete, accurate, suitable and relevant for the recipient. Specifically, SCMSA disclaims liability towards any subscriber, client, partner, supplier, counterparty and other recipients for:

the accuracy of any market quotations;

any delay, inaccuracy, error, interruption or omission in providing market quotations; and

any discontinuance of market quotation.

The Publications of SCMSA are not updated after their release and may due to changing circumstances become inaccurate and possibly misleading after a period of time which may vary from seconds and minutes to days, weeks and months depending on the Information. SCMSA gives no guarantee against, and assumes no liability towards any recipient for, a Publication being outdated.

If a Publication becomes outdated SCMSA shall be under no obligation to:

update the Publication;

inform the recipients of a Publication; or

perform any other action.

Any Publication may be personal to the author and may not reflect the opinion of SCMSA. SCMSA reserves the right at its sole discretion to withdraw or amend any Publication or Information provided at any time without notice (prior or subsequent).

Internet Trading Risks

There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since SCMSA does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. SCMSA employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is available.

Use of the website

Any use of the SCMSA website is subject to SCMSA ‘s “Terms of Use”, as amended from time to time, and the “Copyright” provisions, as amended from time to time, both of which shall be construed as constituting an integrated part of this disclaimer.

SCMSA shall not be liable for any damage or injury arising out of any person’s or entity’s access to, or inability to access, the website of SCMSA. This limitation includes, but is not limited to, any damage to computer equipment and computer systems caused by virus, malware and any other harmful computer coding.

Consulting the website of SCMSA does not constitute a customer relationship and SCMSA shall not have any duty or incur any liability or responsibility towards any person or entity as a result of such person or entity consulting the website of SCMSA.

Product Risk Categorisation

According to Executive Order on Risk Categorisation of Investment Products, Financial undertakings in Denmark are required to categorise investment products, offered to retail clients, in green, yellow or red category.

The categorisation is made according to a graduation made by the Danish Financial Supervisory Authority which reflects the risk of losing the deposit.

Please download the below PDF form and familiarise yourself with the full Risk Categorisation of products available for trade in Saxo Bank Group via the trading platform or by telephone.

Apple iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.

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